Dec 28, 2012 4:00pm EST
of the year. you're betting on congress which is absurd. why would you bet on congress? i don't care if they convene sunday night at 6:00. you going to bring the senate back at 2:00 a.m. to reject their bill. there has been no market pressure on this congress, and until there is, there will be no deal which means we go a lot lower before they ever come across the aisle to make a deal and solve this issue. >> but we don't know exactly what is going to happen in the new year, right, and isn't it a big risk? if you go into cash now, liquidate, go into cash and there's a big real, and we're off to the races again? >> you know, that -- again, that is -- i have a very hard time with the got to be in all the time to miss a rally opportunity. look, odds are there's going to be volatility, and we even saw it this year. the market ends, you know, a nice strong year, but there was opportunity to buy weakness during the year, so if -- look, if miraculously they come out and there's a huge deal and you are cash heavy, as i am, will i be, you know, clamoring to put that money to work to try to cha
Dec 28, 2012 1:00pm PST
that limit on monday night. >> i wouldn't disagree but look at the facts. we did have a republican controlled congress that passed a bill. if reid didn't like the bill, let it go for debate. let his senate vote it down and say no, we're not going to accept these conditions. >> let me ask you this, then. interesting question. president obama gets his own deal, sends it over to the republicans, they have the same dilemma. >> well, they may. but i think you would at least see a fair dee beat. look, i think the average american realizes we have to cut spending. you know the numbers. >> craig, i have to ask you -- i have to stop you. i don't think they do. we ran a package yesterday, we sent the producer out on the street, showed people how much more they would pay in taxes after we go offer the fiscal cliff and they were like wow, i had no idea. where were you november 6 when you a chance to vote against doing that? i don't think the average american understands. >> they were listening to pimp with a limp and david letterman, a nice guy who knows nothing about economics. social security, defense,
Dec 28, 2012 1:00pm PST
screwed by congress not being able to do their job. >> erick, want to play something that charles said last night and got reaction from you. >> he's been using this -- and i must say with great skill and ruthless skill and success to fracture and basically shatter the republican opposition and his objective at the beginning was to to create an internal civil war and he's done that. >> do you think the president is responsible for creating a civil war in the republican party? sorry, erick. >> i think to a degree he is although i think john boehner has more on that having cut the deal to raise taxes on $1 million or more. the republicans have had to hold this line. they would have opened them up to bigger fractures. yes, to a certain degree i think charles is right. >> the president won by winning re-election. that's what happened. he won. >> that does tend to happen after you lose a presidential election. yes. >> let me get you both to this. this is probably the last time i'll talk to you between now and 2013. so i need you to say -- you cannot say the president or mitt romney in the an
Dec 28, 2012 11:00am PST
of protection overnight, and more beautiful mornings. ♪ pampers. peaceful nights. playful days. . >>> all eyes on washington, d.c., specifically the white house. four top leaders, four top ranking members in congress meeting with the president right now. we've got some details from our chief white house correspondent jessica yellin who said moments ago that the president is meeting with timothy geithner. the president has asked to raise taxes on those making $250,000 or more. and if the other side does not have a counter proposal, then he will is ask for an up or down vote in the house and senate. there you go. as soon as they come out, they will step up to the microphones and you will get it right here on cnn. you will be the first to know. >>> if you were putting together a list of the top 2012 moments, there were compelling moments inside and outside the campaign that made indelible marks. here are the top ten from our chief correspondent candy crowley. >> reporter: it's like finding your favorite grain of sand on the beach. there are moments when catch phrases become boomerangs. >> if you'